Independent Mortgages Direct NE

Swap Rates Keep Rising Image June 23

Lenders Forced To Reprice As Swap Rates Increase Further

Following the interest rate increase by the Bank of England (BoE) last week Swap Rates have slowly risen to the point where lenders have been forced to withdraw, reprice and relaunch products with higher rates.

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Gary Howe
Qualified and experienced Mortgage Broker and Principle of IMDNE with over 30 years experience looking after retail mortgage customers. Authorised and Regulated by the Financial Conduct Authority (FCA Ref 301727) and a member of the Association of Mortgage Intermediaries (AMI).